Portugal’s Regulatory Authority for the Media (ERC) has, for the second time, "rejected the new shareholding structure" of pay-TV company Sport TV, according to ADVANCED TELEVISION. The so-called “Operation Triangle” would see Portugal Telecom "becoming a shareholder" in the operator of sports pay-TV channels that is currently 50/50 owned by sports rights company Sportinveste and telecommunications operator Zon Optimus. The new shareholding structure would see Portugal Telecom and Zon Optimus having 25% each, while Sportinveste would have the remaining 50%. According to Portuguese daily Publico, the media regulator "reiterated its initial (and binding) negative opinion by majority vote" (ADVANCED TELEVISION, 1/28).